Overview
The Banner Service Station & Convenience Store Property Fund is a multi-asset open ended fund investing in service station and convenience stores, fast food and similar uses, to provide investors with long term monthly income secured by long term leases to national tenants and potential capital growth.
The Funds first acquisition in Logan Village, Queensland
The Fund
Fund overview
A direct property fund investing in combined service station, convenience store, fast food and similar properties with non-discretionary retailing which provides investors with monthly income and longer term capital growth. The Fund sources sites for acquisition, and holds sites through development and leasing to secure a long-term income producing asset.
Fund type & Structure
The Fund is a managed investment scheme. It offers wholesale investors units in the Fund, which entitle unit holders to an interest in the Fund’s pool of assets.
Beaudesert, Queensland
Key Terms
- Target Return: 13% IRR over the term of the investment inclusive of monthly income distribution of a targeted 7%pa plus capital growth, and net of fees, monthly income distributions qualify for tax related deferment.*
- Leasing Average terms of 10 years+* to mostly national tenants
- Target Gearing: 50% loan to valuation ratio.*
- Minimum Investment Term: 12 months.
- Investor Eligibility: Wholesale clients only.
- Investor Profile: Wholesale clients who seek income paid monthly and potential capital returns.
- Minimum Investment: $500,000 with multiples of $100,000 (or as otherwise agreed by the Manager).
- Unit Price: Initial issue price of $1.00, and revalued each month.
- Investment Updates: Investors will be provided with monthly distribution statements and at least quarterly updates.
- Liquidity Option: The Fund will offer redemptions quarterly (March, June, September, December), subject to liquidity, for Investors who have held units for the Initial Investment Period.
- Valuation: Properties will be valued by an independent, qualified and, registered valuer, prior to acquisition by the Fund. Properties will be revalued every 3 years, or upon events which the directors consider may impact value.
- Distributions: Monthly.
The key terms are not an exhaustive summary, and you should read the Fund’s Information Memorandum before deciding to invest in the Fund.
* Each of these are targets and may not be reflected in final outcomes.
Find out more about this fund.
Get in touch directly with our investor relations team to start your Banner Investment journey.
+61 3 9929 6400enquiries@bannerassetmanagement.com
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